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This guide has been reviewed against our global client base and classed as relevant to |
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A configuration option is available which, when enabled, allows a minimum exchange commission/fee to be specified for all properties
To enable this configuration option, click here
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to contact Reapit Support
1. Minimum commission/fee configuration When enabled, your business can decide how the minimum commission/fee configuration will work: |
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2. Minimum fee amount Access the property financial screen: On the property record, click Financial
The Min Fee field displays the minimum figure that will be used on exchange
A configuration setting may restrict access to edit this field, as outlined in step 1
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In this example: Minimum fee configuration is set to 1% of the property price This user is allowed to edit the Min Fee field
(Where not enabled, the field is greyed out)
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3. Property exchanged When processing the |
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exchange and the Commission Details stage of the Exchange Wizard is reached
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When the fee the agent is due to charge is less than the minimum fee permitted:
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In this example, the property is exchanging at £600,000 and the fee was |
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price (i.e. £4,500), however, the minimum fee configuration is set to 1% of the exchange price |
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Therefore, when reaching this stage, the Company's fee is automatically changed to 1% of the exchange price (i.e. £6,000) |
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4. Changing the Company's fee at exchange If the user processing the exchange attempts to change the Company's fee figure: |
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A configuration option is available which allows a minimum exchange commission/fee to be specified for all properties |
